New Management Strategy for Fonterra09 May 2012
NEW ZEALAND - Fonterra Chief Executive Officer Theo Spierings has announced members of his senior management team as part of a reshaping of the organisation to deliver on its Group Strategy Refresh announced in late March.
Eleven of the 12 new Fonterra Management Team roles have been filled, all by internal appointments: "From day one I have been impressed by the quality of people at Fonterra and it is great to be able to draw on this strong bench strength when assembling our team," Mr Spierings said.
"With our refreshed Group Strategy confirmed, we have now aligned our business to deliver on our strategic priorities.
"The new structure and senior appointments reflect our focus on dairy nutrition and emerging markets, as well as our intention to reduce layers and duplication to drive efficiencies across the business."
In line with the Group Strategy, Fonterra has formed new business divisions to grow emerging markets in China/India and Latin America, as well as a new global Fonterra Nutrition business to build the nutrition portfolio across the business, driven by innovation.
"These changes, along with re-configuration of existing business units and the support functions within the company, will position us to increase volumes and value in line with our strategy," Mr Spierings said.
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